The year 2017-2018 marks the Vikram Samvat 2074. The year 2017-2018 marks the Vikram Samvatsar 2074.

New Year in Gujarat is also known as Nutan Varsh or Bestu Varsh. This day marks the beginning of new financial year in Gujarat as well as in other states of North India.

Kartik maas begins on the day of Nav Varsh (Kartik Sud 1) as per Gujarati calendar. With Lakshmi Puja on this day, Gujaratis start their new year. Annkut is also referred as the New Years Day as per Gujarati calendars.